Question
The Mansford Co. Evaluates projects using payback. Suppose that a project requiring an outlay of $816 dollars is followed by the following inflows for the
The Mansford Co. Evaluates projects using payback. Suppose that a project requiring an outlay of $816 dollars is followed by the following inflows for the next four years:
Year 1 312
Year 2 459
Year 3 69
Year 4 275
What is the payback for this project to two significant places?
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Personal Finance
Authors: Jeff Madura
6th Edition
0134082915, 9780134082912
